YUMC
Yum China Holdings, Inc.47.38
-0.64-1.33%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Delivery pricing, mix details surface
Q&A reinforced the scripted outlook but added color on delivery dynamics and module ramps. Management disclosed a mild KFC delivery-only price hike to counter rider costs from a surging mix--up from 48% in 2025--yet reaffirmed slight 2026 restaurant margin gains via efficiencies, with KFC stable and Pizza Hut ticking up. They plan to double K Pro to 400 stores, drawing 80-90% sales from KFC members for higher frequency. Gemini store pairs, now at 42, will accelerate for franchise margins. Delivery subsidies? Limited impact. Margins face Q1 comps headwinds.
Key Stats
Market Cap
16.82BP/E (TTM)
19.66Basic EPS (TTM)
2.41Dividend Yield
0.02%Recent Filings
8-K
Annual results announced
Yum China issued its annual results announcement for the year ended December 31, 2025, on February 27, 2026, complying with Hong Kong Stock Exchange listing rules. The full details are accessible via HKEX link. No financial figures or operational impacts disclosed in the 8-K. Investors, check the announcement.
10-K
FY2025 results
Yum China grew system sales 4% in FY2025 ended December 31, 2025, with $11.8B revenues and restaurant count hitting 18,101 stores, up 10% y/y, fueled by 1,723 net new units. KFC drove the momentum, adding 1,349 net units to reach 12,997 while Pizza Hut expanded to 4,168 with 444 net adds; franchise mix rose to 17% as net new franchise stores hit 37% at KFC and 31% at Pizza Hut. Q4 accelerated with 1% same-store sales growth versus flat Q3, margins expanded to 16.3% restaurant-wide on favorable commodities and efficiencies despite higher delivery mix at 48%. Returned $1.5B to shareholders via $1.1B buybacks and $353M dividends, holding $1.2B repurchase authorization. PRC policy shifts risk quarterly momentum.
8-K
Q4 profit jumps 25%
Yum China capped 2025 with Q4 system sales up 7% and operating profit surging 25% to $187 million, fueled by 3% same-store growth and a record 587 net new stores. Full-year operating profit rose 11% to $1.3 billion amid 1,706 store additions, hitting 18,101 total. Delivery now drives over half of sales. Plans $1.5 billion shareholder returns in 2026.
8-K
Director Aiken to exit 2026
Yum China director Robert B. Aiken notified the company on January 6, 2026, of his intent not to stand for re-election at the 2026 Annual Meeting due to future professional commitments. His term ends then; he'll serve until the meeting on the Food Safety and Sustainability Committee. No disagreements with management or operations. Smooth board transition ahead.
8-K
Expands repurchases by US$1B
Yum China boosted its share repurchase authorization by US$1 billion to US$5.4 billion total on December 12, 2025, leaving US$1.2 billion available after prior US$4.2 billion buys. It inked US$460 million repurchase agreements for H1 2026 via U.S. and Hong Kong plans, part of a US$1.5 billion full-year return equaling 9% of market cap. Capital returns may shift with market conditions.
IPO
Website
Employees
Sector
Industry
CHA
Chagee Holdings Limited
13.69-0.49
DPZ
Domino's Pizza Inc
433.90-3.60
EAT
Brinker International, Inc.
145.81+1.21
LKNCY
Luckin Coffee Inc.
32.00-2.50
LOCO
El Pollo Loco Holdings, Inc.
11.41-0.30
MCD
McDonald's Corporation
314.50-4.23
PETZ
TDH Holdings, Inc.
1.04+0.01
PZZA
Papa John's International, Inc.
40.91-0.65
THCH
TH International Limited
2.25-0.14
YUM
Yum! Brands, Inc.
151.03-2.79